Capacit'e Secures Rs 5.37 bn Contract For Thane Projects

02 Mar 2026 CW Team

Under the LOI Capacit'e will undertake structural, architectural and associated civil works for the named towers and retail building and will manage site mobilisation and subcontractor engagement. The contract value reflects the principal construction scope and excludes applicable goods and services tax and other statutory levies. Execution will require integration of design compliance, quality assurance protocols and schedule management to meet the developer's phased delivery milestones.

The managing director, Rahul Katyal, conveyed that the repeat orders through TenX Realty demonstrated continued trust in the company and affirmed client relationship strength. He emphasised confidence in meeting timeframes and in the organisation's capacity to deliver to expected standards. The statement indicated that such awards support strategic objectives to expand the order book while reinforcing delivery capabilities. The company underlined a focus on maintaining quality control, safety standards and contractual compliance throughout execution.

The award is expected to reinforce near term revenue visibility and contribute to backlog visibility for Capacit'e as it progresses current assignments. Formal contracts and detailed mobilisation plans will follow the letter of intent and will set definitive commercial and operational milestones. The company will continue to monitor project risks and stakeholder coordination as it advances the planned works.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Capacit'e Infraprojects Limited has received a letter of intent from TenX Realty Limited, acting on behalf of Raymond Limited, for construction works totalling Rs 5.37 billion (bn), excluding GST, for Towers F, G and NTA and a retail building at the Address by GS-3 project and the Invictus-2 project in Thane West. The notification dated 26 February 2026 confirms intent to proceed with the specified works pending final contracts. The scope covers residential tower structures and a retail podium within the combined development and is designated as repeat business awarded through TenX Realty. The company identified the award as material to its project pipeline in the Mumbai region. Under the LOI Capacit'e will undertake structural, architectural and associated civil works for the named towers and retail building and will manage site mobilisation and subcontractor engagement. The contract value reflects the principal construction scope and excludes applicable goods and services tax and other statutory levies. Execution will require integration of design compliance, quality assurance protocols and schedule management to meet the developer's phased delivery milestones. The managing director, Rahul Katyal, conveyed that the repeat orders through TenX Realty demonstrated continued trust in the company and affirmed client relationship strength. He emphasised confidence in meeting timeframes and in the organisation's capacity to deliver to expected standards. The statement indicated that such awards support strategic objectives to expand the order book while reinforcing delivery capabilities. The company underlined a focus on maintaining quality control, safety standards and contractual compliance throughout execution. The award is expected to reinforce near term revenue visibility and contribute to backlog visibility for Capacit'e as it progresses current assignments. Formal contracts and detailed mobilisation plans will follow the letter of intent and will set definitive commercial and operational milestones. The company will continue to monitor project risks and stakeholder coordination as it advances the planned works.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..